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In a significant move within the crypto landscape, the notorious Cetus hacker has executed a noteworthy transaction involving the Ethereum mainnet. On May 22, COINOTAG News reported that the hacker utilized cross-chain technology to acquire 22,114 ETH at a total cost of approximately 57.66 million USDC. This transaction, with an average purchase price of $2,652 per ETH, highlights ongoing vulnerabilities within the crypto ecosystem and raises critical questions regarding security protocols. The implications of such high-value trades are profound, as they can significantly influence market dynamics and investor sentiment. As regulatory scrutiny intensifies, industry participants are urged to enhance their security measures to mitigate risks associated with similar incidents. The evolving landscape of decentralized finance mandates a robust approach to safeguarding assets, particularly in light of advancements in cross-chain functionality.
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